The Dr Boyce Breakdown

The stock market is expected to drop tomorrow due to a surge in Coronavirus cases.   US equity market futures are down right now, and the stock market appears poised to manage some degree of uncertainty as a result of the rise in cases.   You can follow The Black Stock Market Report with Dr Boyce Watkins by making sure you subscribe at TheBlackFinancialChannel.com.  You can also get a free copy of Dr Watkins' book, "It takes a village to raise the bar" by visiting AllBlackEconomics.com.

Dr Boyce Watkins speaks today about the rappers TI and Young Jeezy doing a Verzuz episode and how this plays a part in the way the trap is monetized, mostly by white people.    Not to disrespect TI and Jeezy, but this makes us wonder if black traumatic experiences are packaged and sold and why others are allowed to do it. 

There is also the discussion of the traps that we put ourselves in and how to get out of them.

The rapper 50 Cent says he will leave the US if Trump is not re-elected.  But the conversation is much deeper than 50 Cent and his bank account. 

Since the rapper Ice Cube approached the Democratic Party seeking better terms for black people and a form of reparations, some of the community has thrown it back in his face.  While the overwhelming majority of African Americans are in support of Ice Cube, there are a few in mainstream media who seem to hold onto a narrative which states that Ice Cube is wrong and that he should be "canceled." 

While we don't worry about whether or not Ice Cube can be canceled, we do discuss why others are so offended by masculine leaders in the African American community. 

I spoke today about the new Black Political party started by the hip-hop mogul Diddy.  The party is called "Our Black Party" and advocates for black politics.  But in the age of Biden and Trump, it's hard to figure out if Diddy's black political party represents authentic black leadership or serves a a tray to deliver black voters to the Democrats. 

This podcast episode centers around the weird habit of black people of taking care of everyone but themselves.  We keep their political parties in power, their companies making money, their schools/universities full and ensure that others are well-fed with our $1.3 trillion in annual income. 

I would prefer that we stop for a moment and consider that rather than taking care of other people, we should take care of ourselves.  That's what this episode is all about. 

I am utterly fascinated by how the idea of unifying around a failing political party has led to such a strong public backlash against the rapper Ice Cube for speaking on behalf of black people.  You would expect that someone pushing for a radically, different approach to American politics would be welcome with open arms. 

But during my conversation with activist and hip-hop artist Willie D, I am convinced that FEAR can create the kind of stagnation that  has kept black people from moving forward over the last 50 years.  It is fear of a Donald Trump presidency that has led to the backlash against Ice Cube, where millions of our people would rather see a failed community than to face another 4 years of Donald Trump.

That's what we discuss in this podcast.  It's a good one. 

Do the Democrats have the right to tell Ice Cube, or any black man for that matter, that he has no right to meet with Donald Trump?  Why haven't the Democrats helped the black community enough that our loyalty is earned, rather than expected?  That's what I discuss in this episode.  It's a doozy. 

In this discussion, I explain the keys to economic slavery, as well as economic addiction.   I explain that for the black community, financial addiction is a very serious problem.   It starts from birth, when we are led to depend on our oppressors to provide the things we need.  We are also led to believe that financial security isn't important, but material possessions are a necessity.   It is the combination of having no financial security, a need for material possessions and an established systematic monopoly held by our oppressor that keeps us in a financial cage.    #FinancialAddiction can be cured, but we have to understand how the #blackwealth process is critical in that objective.   To join Dr Watkins’ wealth building program for children, please visit BlackMillionairesOfTomorrow.com To take Dr Watkins’ financial course, please visit TheBlackWealthBootcamp.com To take Dr Watkins’ course on how to fire your boss, please visit IDontWantaBoss.com Twitter: @DrBoyceWatkins1 Instagram: @TheRealBoyceWatkins Youtube: Youtube.com/DrBoyceWatkins Text the word Boyce to 31996 to connect via text message Email: [email protected]